‘Travel Is On Fire’: Uber, Lyft Stocks Surge As Americans Splurge Despite Skyrocketing Inflation

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Uber's bookings hit a record $29.1 billion in the second quarter—shares are surging 14%.

record customer bookings of $29.1 billion in the second quarter and quarterly revenue of $8.1 billion, more than doubling from last year and shooting past expectations of $7.4 billion.

In a post-earnings conference call, Uber CEO Dara Khosrowshahi acknowledged the recovery is"still trailing" in a couple of U.S. cities, especially on the West Coast, but said demand should continue to improve into the second half and noted Uber trips are back to record highs, growing 24% year over year and 12% as compared to 2019.

 

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If there is no Peace in Ukraine, then, the inflation in US has not even taken off from the starting block. Make Peace with Russia and China now.

FYI Uber surged because their ER was good. Lyft is running as sympathy.

More like 'I still need to get back and forth to work'

UberIndia Uber one of the worst services in india pathetic stinky interior n drivers; instead of upgrading the services they jelled into the system in India

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